The process of evaluating a decision in the face of uncertainty by quantifying the likelihood and magnitude of an undesirable outcome is known as
A)risk analysis.
B)regression analysis.
C)data mining.
D)decision tree analysis.

Question

Quizplus · Accepted Answer

The process described involves assessing the potential risks associated with a decision, which is the definition of risk analysis. Regression analysis, data mining, and decision tree analysis are all statistical techniques that may be used within a risk analysis, but they do not fully capture the concept of evaluating uncertainty and potential negative outcomes.

The Process of Evaluating a Decision in the Face of Uncertainty